Petrobras Says Council Evaluates Sale of Pasadena to Chevron

Petrobras has announced that negotiations for the sale of the Pasadena refinery to Chevron are “in a stage of completion“ and are expected to be reviewed by its board of directors on Wednesday, the state company’s statement said.

“The transaction has not yet been appreciated by the Company’s Board of Directors and the agreements that formalize the transaction have not been signed, which is scheduled to take place today, and confirmed, will be duly communicated,“ he said.

Completion of talks between Petrobras and Chevron by the refinery in the United States was anticipated by Reuters on Monday, with source information.